This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $81,984 initial cash invested.
-11.8%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$2,263
Rent
-$806
Cashflow
Cash Flow
$2,263 income − $3,069 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,984
Downpayment
20%
$78,080
Closing costs
1%
$3,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,263
Total Expenses
$3,069
Mortgage P&I
94%
$2,137
Property Taxes
7%
$169
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0